Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h −0.010%

Price spread now: Aevo against Paradex−0.211%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aevo is 0.211% cheaper against Paradex than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	318.17	0.0248	pay 0.0248% / 8h	40m 06s	$14K	$1K	10x
Short	Aevo TAO-PERP	317.50	0.0128	get 0.0016% / 1h	40m 06s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee AevobpOrdersPrice spread, now −0.211%Rate

Funding earned: −$25.3
Price spread: −0.211% → 0.000%: −$21.1
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$66.41
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Aevo: live order book, 64 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Aevo live order book, 64 min ago	56.19 bp	77.3 bp −$77	426.1 bp −$4,261	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.22	−0.299%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0047%	1h	317.86	−0.099%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.17	−0.315%	$44K	$709K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.20	−0.305%	$26.3M	$130.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.00	−0.368%	$14.4M	$51.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.32	−0.268%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.03	−0.359%	$35.7M	$57.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.04	−0.356%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.16	−0.318%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.95	−0.384%	$116K	$604K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0107%	8h	317.02	−0.362%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0108% / S +0.0133%	1h	317.16	−0.318%	$408K	—	100x	as long as short
Aevo TAO-PERPshort	+0.0128%	1h	317.50	−0.211%	$174K	$998	3x
Orderly PERP_TAO_USDC	+0.0149%	4h	317.48	−0.217%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0183%	4h	318.77	+0.189%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0184%	4h	317.31	−0.271%	$100.0M	$151.3M	300x	as long as short
Binance TAOUSDT	+0.0185%	4h	317.28	−0.280%	$92.0M	$529.9M	75x	as long as short
Paradex TAO-USD-PERPlong	+0.0248%	8h	318.17	long leg	$14K	$1K	10x
Bybit TAOUSDT	+0.0287%	4h	317.40	−0.242%	$69.5M	$156.7M	50x	as long as short
BingX TAO-USDT	+0.0298%	4h	317.23	−0.296%	—	$37.0M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0306%	1h	317.41	−0.238%	$15K	$2.0M	25x	as long as short
ApeX Omni TAOUSDT	+0.0309%	1h	318.62	+0.141%	$46K	$260K	50x	as long as short
Pacifica TAO	+0.0313%	1h	317.76	−0.131%	$361K	$429K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.139%	$169K	$333	10x	as long as short
Bullet TAO-USD	+0.0324%	1h	317.30	−0.274%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0334%	4h	318.97	+0.252%	$544K	$926K	10x	as long as short
Aster TAOUSDT	+0.0342%	4h	317.37	−0.253%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0352%	1h	317.25	−0.289%	$903K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0424%	4h	318.98	+0.254%	$4.7M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.49	−0.214%	$102K	$381K	5x	as long as short
Nado TAO-PERP	+0.0530%	1h	317.13	−0.328%	$786K	$2.0M	10x	as long as short
Phemex TAOUSDT	+0.0537%	4h	317.20	−0.305%	$3.2M	$8.2M	50x	as long as short
Variational Omni TAO	+0.0537%	4h	318.96	+0.249%	$5.6M	$10.2M	—	as long as short
Lighter TAO	+0.0584%	1h	317.49	−0.215%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.50	+0.418%	$318K	$703K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.24	−0.292%	$365	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0731%	1h	317.33	−0.264%	$292K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0752%	1h	317.27	−0.283%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0769%	1h	317.45	−0.227%	$93.9M	$110.2M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.04	−0.356%	$447K	$670K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0835%	1h	317.39	−0.246%	$5.9M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.03	+0.270%	$1.5M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+1.499%	$23K	$2K	12x	as long as short